January numbers are in without any surprises. We did see a small holiday affecting the pace of closed transactions, however new escrows out paced December ’09. Buyer appetite is strong even with new FHA rules coming into play.The big change in the Palmdale, Lancaster real estate market for 2010 is Short Sales are out pacing bank owned (REO). REO’s are running 26% of the core area, while Shore Sales are 30% and with “normal listing” at 44% of the total. We are projecting Short Sales will be 35% and REO’s holding at 28% by spring.Keller Williams Realty AV Ranked #1 in the Antelope ValleyRichard & Janet - Certified Short Sale Professional Realtors661-733-0507 OR 733-0508Keller Williams Realty AV Serving Palmdale, Lancaster in Californiawww.HomesByJR.comwww.ShortSaleByJR.comRead more…
With 25% of Americans currently underwater on their mortgages, the new HAFA guidelines put forth by the Obama administration seem like a good way to stop the bleeding. Does anyone think this initiative can really work? I'd love to hear everyone's opinoins!
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Posted by Greg Pavlov on February 2, 2010 at 11:57am
My realtor just informed me Wilshire approved my short sale request in Nevada, but would not provide me with a deficiency wavier. Should I keep allowing my realtor to negotiate with Wilshire or bring in an attorney?Does anyone know if Wilshire actively pursues individuals for a deficiency judgment?
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